MUMBAI: Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) because the rout triggered by allegations of human resources fraud deepened. Adani Enterprises dropped 10 per cent on the open and stepped by as much as 25 percent at oneContinue Reading
TOKYO: A few unhygienic pranks on sushi conveyor belt restaurants in Japan have sparked stock slumps, venue overhauls and legal action, along with furious social media commentary. Several videos dubbed “sushi terrorism” possess emerged on social media, including Twitter plus TikTok, in current days, some of them apparently weeks orContinue Reading
KUALA LUMPUR: United States traditions authorities said that palm oil products made by Sime Darby Plantation had been no longer produced along with forced labour, inside a sign that a two-year import ban at the Malaysian firm will certainly soon be raised. Goods made by Sime Darby Plantation, the world’sContinue Reading
BANGKOK: Martial law was declared in several areas of military-run Myanmar on Thursday (Feb 2), each day after authorities announced that a situation of emergency has been prolonged throughout the country, that is wracked by violence that some EL experts have described as a civil war. State-run MRTV television transmittedContinue Reading
Former Malaysia health minister Khairy Jamaluddin might be ousted from UMNO, but it won’t be the last we hear through him, says politics observer Oh Ei Sun.Continue Reading
NEW DELHI: Adani’s marketplace losses swelled over US$100 billion upon Thursday (Feb 2), sparking worries in regards to a potential systemic influence a day after the Native indian group’s flagship company homeless its US$2. five billion stock providing . Another challenge for Adani on Thursday came whenever S& PContinue Reading
BEIJING: China, only the third country to put a man in space after the Soviet Union and the United States, is to build ground stations in Antarctica to back its network of ocean monitoring satellites, state media said on Thursday (Feb 2). China’s global network of ground stations to supportContinue Reading
Indonesia said it has formed the office of special envoy to Myanmar led by the Foreign Minister as mandated by the Five-Point Consensus, a peace plan that all ASEAN members agreed on two years ago.Continue Reading
Since the Jan 24 Hindenburg report which alleged improper use by the Adani Group of offshore tax havens and stock manipulation and also raised concerns about high debt, the market capitalisation of seven listed Adani Group companies has fallen by half or nearly US$100 billion. Its dollar bonds have tumbled. ToContinue Reading
NEW DELHI: India’s central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources said on Thursday (Feb 2). India’s central bank and stock market regulator have sprung into action more than a week after US short-seller Hindenburg Research’s reportContinue Reading